Nothing beats the thrill of getting out on the water in your own personal boat. However, since you put so much love and passion into your vessel, keeping it protected both on and off the water should always be a priority. The right boat insurance policy will keep both the boat and everyone on it safe. If you’ve never purchased a policy before, here’s what you need to know.

What Boat Insurance Includes

Boat insurance is a type of insurance policy that functions much like an auto insurance policy, but specifically for watercraft. Most policies provide collision coverage should you run ashore or be involved in an accident with another boat on the water. Additionally, the policies provide liability coverage, protecting you in the case of damage to another boat or injuries to other boaters. There are additional coverage options that can be added to standard policies, like comprehensive protection, which covers the boat against damage due to vandalism, theft, or other non-collision-related events.

Why You Need Coverage

Though boat insurance may not be required, it’s always a sound investment. Without the insurance policy, you’d be responsible for any damage, repairs, or replacement costs out-of-pocket. Furthermore, many privately owned marinas, docks, and even some storage facilities require boat insurance as a condition of using their facilities. Keep in mind that boat insurance is not a replacement for watercraft registration and licensing with the state.

How Much Coverage Should You Purchase?

Ultimately, the amount of coverage required will vary according to the type of boat. For a simple fishing boat, you’ll need less coverage than a high-speed cruiser. As a general rule, the faster the boat goes, the more liability coverage you should have. If you’re unsure of how much coverage you really need, speak with an insurance agent and let them help determine the proper coverage limits.

Whether you’re looking to protect your boat or another personal vehicle, the team at Auto Insurance World in Lake City, FL, is ready to help. Their dedicated agents will work with you to find the perfect insurance policy for your needs. They’re proud to help protect your recreation equipment, whether you have an RV, boat, four-wheeler, or motorcycle. Like their Facebook page for the latest news and updates and call (386) 755-7283 for a free insurance quote today.